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This paper develops a theory in which heterogeneity in political preferences produces a partisan disagreement about … voters' intrinsic preferences or because of rigidities in the political process. The theory predicts that providing mixed …
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Many studies of producer behavior consider cost and input demand functions de-rived from microeconomic theory and …
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Finance theory does not provide a comprehensive framework for explaining risk management within the imperfect financial …
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This paper analyzes the influence of the structure of collective wage bargaining on direct investment abroad. A wage negotiations model shows that high productive firms benefit from centralized bargaining and invest therefore less abroad than under dezentralized bargaining. An empirical study...
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This paper presents a novel approach to analyze human decision-making that involves comparing the behavior of professional chess players relative to a computational benchmark of cognitively bounded rationality. This benchmark is constructed using algorithms of modern chess engines and allows...
Persistent link: https://www.econbiz.de/10012499843